Artisan Partners Asset Management Inc. (NYSE:APAM)‘s stock had its “hold” rating reiterated by Jefferies Group LLC in a research note issued on Tuesday. They presently have a $32.00 price objective on the asset manager’s stock. Jefferies Group LLC’s price target suggests a potential upside of 1.11% from the company’s current price.

A number of other equities research analysts have also recently commented on the company. Zacks Investment Research cut Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a report on Monday, September 18th. BidaskClub raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. Sidoti raised Artisan Partners Asset Management from a “neutral” rating to a “buy” rating in a report on Friday, August 4th. They noted that the move was a valuation call. Keefe, Bruyette & Woods cut Artisan Partners Asset Management from an “outperform” rating to a “market perform” rating and raised their price target for the company from $32.00 to $33.00 in a report on Wednesday, August 2nd. Finally, Royal Bank Of Canada set a $36.00 price target on Artisan Partners Asset Management and gave the company a “buy” rating in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $29.94.

Artisan Partners Asset Management (APAM) opened at 31.85 on Tuesday. The stock has a market capitalization of $1.58 billion, a PE ratio of 18.79 and a beta of 1.76. The company’s 50-day moving average price is $30.36 and its 200 day moving average price is $29.43. Artisan Partners Asset Management has a 52-week low of $24.48 and a 52-week high of $33.85.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Monday, July 31st. The asset manager reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.01). The business had revenue of $196.20 million for the quarter, compared to the consensus estimate of $194.25 million. Artisan Partners Asset Management had a net margin of 11.37% and a return on equity of 78.75%. Artisan Partners Asset Management’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 earnings per share. Equities analysts forecast that Artisan Partners Asset Management will post $2.34 EPS for the current fiscal year.

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Several institutional investors have recently modified their holdings of APAM. Quantbot Technologies LP grew its position in shares of Artisan Partners Asset Management by 3.5% during the second quarter. Quantbot Technologies LP now owns 3,591 shares of the asset manager’s stock valued at $110,000 after purchasing an additional 120 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Artisan Partners Asset Management during the second quarter valued at about $120,000. Segantii Capital Management Ltd purchased a new position in shares of Artisan Partners Asset Management during the first quarter valued at about $135,000. Tower Research Capital LLC TRC purchased a new position in shares of Artisan Partners Asset Management during the first quarter valued at about $151,000. Finally, Utah Retirement Systems grew its position in shares of Artisan Partners Asset Management by 10.4% during the first quarter. Utah Retirement Systems now owns 7,400 shares of the asset manager’s stock valued at $205,000 after purchasing an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 65.63% of the company’s stock.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is an investment management company. The Company provides a range of the United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. The Company provides investment management services to separate accounts, mutual funds and other pooled investment vehicles.

Analyst Recommendations for Artisan Partners Asset Management (NYSE:APAM)

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